AWE

22 March 2014

Drilling began on the Pateke-4H development well, located in a water depth of 124 m in the offshore Taranaki basin, New Zealand. The well, with a planned total measured depth of 5361 m (including a 1272-m horizontal section), is targeting a mapped northern extension of the currently producing Pateke field. AWE (57.5%) is the operator, with partners New Zealand Oil & Gas (27.5%) and Pan Pacific Petroleum(15%).